STOCK INFORMATION

DIVIDENDS
ANNUAL DIVIDEND
STOCK INFORMATION

Number of shares issued and the number of shareholders
(As of December 31, 2016)

Total Number of Authorized Shares
189,376,000
Number of Shareholders
47,664,000
Number of Shareholders
6,827
DIVIDENDS

Dividend Policy

We regard returning profits to shareholders as a top management priority. Our basic dividend policy is to pay dividends while ensuring we retain sufficient internal reserves for achieving sustainable growth. We also comprehensively consider factors such as periodic profit and loss, cash flow, and acquisition of our own stock.

We target a consolidated dividend payout ratio of 35% or higher.

ANNUAL DIVIDEND

Annual Dividend

Dividend per share
Dividend payout ratio (Consolidated)
Fiscal year ending December 2014
19 yen (including an interim dividend of ¥8.0 per share)
38.2%
Fiscal year ending December 2015
23 yen (including an interim dividend of ¥9.50 per share)
38.6%
Fiscal year ending December 2016
25 yen (including an interim dividend of ¥12.50 per share)
50.6%
Fiscal year ending December 2017 (forecast)
26 yen (including an interim dividend of ¥13.0 per share)
42.5%